2800 Cerrillos Rd
Santa FeNM87507
Cheap Homes for Rent in Espanola, NM from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Espanola.
1841 Blackberry Rd NE
Rio RanchoNM87144
49 A Spanish Peaks Rd
Arroyo HondoNM87513
1825 Peach Rd NE
Rio RanchoNM87144
809 Waterfall Dr
Rio RanchoNM87144
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
739 Montez Pl
Santa FeNM87501
1012 Marquez Pl
Santa FeNM87505
941 Calle Mejia, Unit 1611
941 Calle Mejia
Santa FeNM87501
28 Piedra Vista
El PradoNM87529
218 McKenzie Street C
218 McKenzie Street Unit C
PojoaqueNM87501
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Espanola, NM Local Guide
View of Wheeler Peak Wilderness by David Herrera is licensed under CC BY 2.0
How much does it cost to rent a home in Espanola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Espanola 2 Bedroom Homes for Rent | $2,081 | $1,395 | $3,895 |
| Espanola 3 Bedroom Homes for Rent | $2,808 | $1,995 | $4,300 |
| Espanola 4 Bedroom Homes for Rent | $3,739 | $2,395 | $7,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Espanola
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Espanola, NM Local Guide
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Cheapest Available Espanola Apartments for Rent and Nearby
The cheapest available apartment rental in Espanola, NM is a 2 Beds unit found at Cresta Ranch Apartments in the Tiempo Lindo neighborhood priced from $738. El Cerrito has the second lowest priced unit, which is a 2 Beds apartment currently listed from $749. Here is today’s list of the most affordable Espanola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cresta Ranch Apartments | Two Bedroom - 30% AMI | 2BR,2BA | $738 |
| El Cerrito | 2 BR | 2BR,1BA | $749 |
| Santa Fe Suites | Studio | Studio,1BA | $899 |
Best Value Apartments for Rent in Espanola, NM and Nearby
As of June 12, 2026 the best value apartment in the Espanola area is the $1.82 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,399. The second greatest value Espanola apartment is the 2 BR Model at El Cerrito starting at $749 with a $0.77 price per square foot . Here is today’s list of the best values for Espanola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Bluffs at Tierra Contenta | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.82 |
| El Cerrito | 2 BR | 2BR,1BA | $0.77 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.56 |
| Cresta Ranch Apartments | Two Bedroom - 80% AMI | 2BR,2BA | $2.08 |
| Coronado Townhomes | 2x2 | 2BR,2BA | $1.96 |
| Vista Linda | 1 Bedroom | 1 Bath | 1BR,1BA | $2.19 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $2.03 |
| The Orchards | One Bedroom | 1BR,1BA | $2.15 |
| Artista | 1x1 | 1BR,1BA | $2.21 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.89 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Espanola, NM
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Espanola, NM
Frequently Asked Questions about Espanola
What type of rentals are currently available in Espanola?
There are currently 48 Apartments for Rent in Espanola, NM with pricing that ranges from $738 to $4,624. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Espanola ranging from $1,395 to $7,000.
What is the current price range for Rental Homes in Espanola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Espanola ranges from $1,395 to $7,000 with an average monthly rent of $2,607.
How much are larger Three and Four Bedroom Rentals in Espanola?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Espanola range from $853 to $4,624, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,300. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $2,399.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.